North America Neurovascular Devices Market Trends, Size, Segment and Growth by Forecast to 2030

North America Neurovascular Devices Market: Growth and Trends

The North America neurovascular devices market is expected to grow from US$ 1,004.75 million in 2019 to US$ 1,389.28 million by 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 4.2% from 2020 to 2027. This growth is primarily fueled by:

• Increasing prevalence of neurovascular diseases: A rise in conditions like strokes and aneurysms drives the demand for diagnostic and treatment devices.
• Rising demand for minimally invasive procedures: Patients and healthcare providers prefer less invasive options due to benefits like faster recovery and reduced complications.
• Significantly aging population: Older demographics are more susceptible to neurovascular conditions, contributing to market expansion.

However, certain factors are expected to modestly hinder market growth, including the high costs associated with embolization coils and a shortage of skilled neurovascular professionals.

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Key Market Segments

By Product

The market is categorized into neurothrombectomy devices, aneurysm coiling and embolization devices, cerebral balloon angioplasty and stenting systems, and support devices. Aneurysm coiling and embolization devices held the largest market share in 2019 and are projected to experience the highest CAGR throughout the forecast period.

By Application

Key applications include cerebral aneurysms, ischemic strokes, arteriovenous malformations and fistulas, and other conditions. Ischemic strokes dominated the market in 2019 and are anticipated to maintain their leadership with the fastest growth.

By End User

Neurovascular devices are used by hospitals, ambulatory surgical centers, and specialized clinics. Hospitals accounted for the largest market share in 2019 and are expected to continue their dominance with the highest growth rate through 2027.

Influential Organizations

Several key organizations are referenced in the market analysis, including the Neurological Health Charities Canada (NHCC), the World Stroke Organization (WSO), and the World Health Organization (WHO). These organizations play a crucial role in understanding the landscape of neurovascular health and device demand.

Why Understand This Market?

A comprehensive understanding of the North America neurovascular devices market offers several strategic advantages:

• Target high-return opportunities by gaining clarity on market scope and segmentation.
• Stay competitive by monitoring evolving market dynamics and the changing competitive landscape.
• Strategically plan mergers, acquisitions, and partnerships by identifying segments with high growth potential.
• Make informed business decisions with detailed analysis of market performance across various segments.
• Guide strategic planning and investment with access to revenue forecasts by segment from 2019 to 2027.

Market Introduction
Neurovascular devices are specialized medical tools used to diagnose and treat disorders affecting the brain’s blood vessels. These conditions, such as strokes, aneurysms, and carotid artery stenosis, can be life-threatening and often require precise and advanced intervention. Neurovascular devices play a critical role in preventing strokes, managing aneurysm embolization, and treating cranial blood flow abnormalities. They are also essential in performing complex surgical procedures aimed at restoring proper cerebral circulation and reducing the risk of long-term neurological damage.

North America Neurovascular Devices Strategic Insights

Strategic insights for the North America Neurovascular Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

key company profiles

  Medtronic plc

  Johnson and Johnson, Inc (DePuy Synthes)

  Penumbra, Inc

  Terumo Corporation

  MicroPort Scientific Corporation

  Integer Holdings Corporation

  Memry Corporation

  Phenox GmbH

North America Neurovascular Devices Regional Insights

The geographic scope of the North America Neurovascular Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas. About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights